Core Viewpoint - Mirion Technologies Inc. has agreed to acquire Paragon Energy Solutions for $585 million in an all-cash deal, aiming to enhance its offerings in the nuclear power and small modular reactors (SMRs) sectors [1][2]. Acquisition Details - The acquisition will allow Mirion to strengthen its position as a supplier to both the existing nuclear fleet and the emerging SMR market, with expected revenue generation from Paragon projected at approximately $150 million by 2026 and profit margins exceeding 20% [1][2]. - The deal is expected to yield $10 million in cost and commercial synergies within five years [2]. - The acquisition will be funded through a bridge loan arranged by Goldman Sachs, with long-term financing anticipated to involve a mix of equity and debt [3]. Financial Impact - The acquisition is projected to be accretive to earnings in the first full year following the deal's closure, which is expected by the end of 2025, pending regulatory approvals [3]. - Mirion has lowered its guidance for organic revenue growth for the fiscal year ending December 31, 2025, now expecting an increase of approximately 4.5% to 6.0% year-over-year, down from a prior estimate of 5.0% to 7.0% [5]. Market Context - The revision in revenue guidance is attributed to several factors, including softer demand in the Labs & Research segment, weaker sales related to China outside the nuclear power sector, and delays in a planned defense dosimetry order in Europe [6]. - As of June 30, 2025, Mirion held cash and cash equivalents of $262.6 million [4].